Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
RAJSALLIN
on 20/07/2015, 00:13:26 UTC
Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.

I don't understand why you make this information public. The smart thing to do would be to accumulate and then make it public.

Well he already said the company won't be buying from the exchanges. Now who might own enough XMR and be someone the company already knows and trusts enough to do deals with. It's a good way for someone to sell at spot prices more than could be sold on the illiquid Poloniex markets. And now try to think who is the one that would profit from the announcement in that equation.

If the price on the exchanges increases so will the price OTC as well.

Are you implying rpietila would be the seller and therefore benefit from an increase in price?